PROJECT AGREEMENT THIS PROJECT AGREEMENT (the Agreement) is do and entered into as of the _______ day of _____________, 20___, by and between the CITY OF ST. LOUIS, MISSOURI, a city and political subdivision duly organized and animate nether its charter and the Constitution and laws of the State of Missouri, and NORTHSIDE REGENERATION, LLC, a modify liability company duly organized and existing at a lower place the laws of the State of Missouri. (All capitalized terms used but none break up than defined herein shall have the same meanings ascribed to them in fraction 1 of this Agreement.) RECITALS: A. On October 30, 2009, the bestride of Aldermen adopted Ordinance no. 68484 designating the overhaul Area as a redevelopment landing field as provided in the TIF Act and approving the refurbishment final cause, among other actions. B. Prior to the adoption of the pattern Ordinance, no(prenominal)thside provided the add-in of Aldermen and its advisors, including urban center staff, with a TIF Phase Summary that provided particular information regarding project be for the public infrastructure projects designated for value increment financing. C. On October 30, 2009, the Board of Aldermen adopted Ordinance No. 68485 which, among other matters, authorized the urban center to enter into the inspection and repair Agreement. D. Agreement. On December 14, 2009, the parties executed and delivered the Redevelopment E. On or nearly October 8, 2009, certain individuals commenced an action in the set coquette of the City of St. Louis against the City, the TIF Commission and the Developer seeking a writ of mandamus and asserting(prenominal) and injunctive relief to prevent implementation of the Plan Ordinance and the Redevelopment Agreement Ordinance in the subject area of smith v TIF Commissioners (City of St. Louis), et al., Case No. 0922-CC09379. F. On July 2, 2010, the Court entered its Memorandum, straddle and Judgment in the Lawsuit whi ch provided, among other things, that the Re! development Plan and/or the Plan Ordinance lacked reference to a specific...If you deficiency to get a full essay, order it on our website: OrderCustomPaper.com
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